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Cliff,
I have Vegas and I have to say, right out of the gate, Avid made more sense to me. What you probably need is a good book on Avid. I've been using "Editing with Avid Xpress Pro and Avid Xpress DV." Granted I'm using Xpress and not MC 3. But it comes with sample projects and really covers the basics very well. It doesn't touch color correction.
Once you get the hang of Avid, you will really not want to go back, IMHO. As for Premiere Pro, you are going to have a harder time getting your project into an online system. A real plus for Avid... and to a lesser degree, FCP.
Also, Avid utilizes video card processing power, which Vegas does not at all. So you should see a significant performance pick-up with Avid.
Most of the issues with Avid are with being slow to support new formats, expensive hardware and detailed computer requirements (most computer problems are solved by using an nVIDIA Qaudro FX video card). But as an NLE itself, it's pretty solid. If a more consumer oriented system crashes, there will be customer blow back. But if Avid consistently crashes doing what it's supposed to do well, they will have Paramount calling them. Of course experienced Avid editors know workarounds and tricks. So I'm NOT saying the system is without faults, flaws and warts. But if it's stable enough for cutting feature films, it's probably good enough for what most of us here are doing, IMHO.
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